TY - JOUR
AU - Anderson,James E.
TI - The Gravity Model
JF - National Bureau of Economic Research Working Paper Series
VL - No. 16576
PY - 2010
Y2 - December 2010
DO - 10.3386/w16576
UR - http://www.nber.org/papers/w16576
L1 - http://www.nber.org/papers/w16576.pdf
N1 - Author contact info:
James E. Anderson
Department of Economics
Boston College
Chestnut Hill, MA 02467
Tel: 617/552-3691
Fax: 617/552-2308
E-Mail: james.anderson.1@bc.edu
AB - The gravity model in economics was until relatively recently an intellectual orphan, unconnected to the rich family of economic theory. This review is a tale of the orphan's reunion with its heritage and the benefits that have flowed from it. Gravity has long been one of the most successful empirical models in economics. Incorporating the theoretical foundations of gravity into recent practice has led to a richer and more accurate estimation and interpretation of the spatial relations described by gravity. Recent developments are reviewed here and suggestions are made for promising future research.
ER -